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The offer of 66.26 sen looks like a scam?? How could you offer 66.26 sen where RNAV is RM1.26. Any offer takes a cut of more than 20% of RNAV is considered as totally NOT FAIR and NOT RESAONABLE. Offer price of 1.26x0.8=1.008 is reasonable. Reject the offer without a doubt!!
SC should set a rule pertaining to privatization or mandatory takeover.. that the offer price shall be a maximum 20% cut of the RNVA or 5 day VWAMP which ever is HIGHER!
I totally agree with Tee, SC and Bursa should do something to protect small investors like, instead keep on asking us to participate in shares market..
You can check the offered price from BK & KLK when they took over CCM, IJM Plantation & BPlant, which is much higher than what offered to MKHOP. Therefore small investors like us must unite and reject the offer.
MKHOP today's closing price at RM0.665 (with an intraday high of RM0.67) directly above the RM0.6626 cash offer price sends a clear signal to the market: investors believe the offer is too cheap, and minor shareholders are refusing to sell at a discount.
Now I only realised that BKB's deemed related parties bought a lot of MKHOP shares through the open market. This means higher chances the share price will go higher.
